Upon receiving a letter from Elliott Management, Cognizant in its response says it had an 'introductory discussion' with the firm and 'intends to review the letter carefully and respond in due course.'

Tech Data CEO Bob Dutkowsky says acquiring Avnet Technology Solutions should help the distributor get out of the eroding traditional storage business and into the stronger flash and solid-state storage market.

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Solution providers were champing at the bit in October to get a larger footprint in cloud, with five of the 16 acquired solution providers last month specializing in cloud services, hosting or communications.